NRDS · NerdWallet, Inc.

NerdWallet's Q1 2026 results demonstrated resilience amid challenges, with total revenue of $222.2 million growing 6% year-over-year despite a 1% sequential decline. Consumer revenue, comprising 89% of the total at $197.6 million, surged 10% YoY, propelled by robust growth in deposit accounts ($20.9 million increase) and personal loans ($12.7 million increase) as partners expanded budgets. These gains offset a $12.5 million drop in consumer credit cards due to persistent organic search traffic pressures. SMB revenue fell 15% YoY to $24.6 million, similarly impacted by search headwinds but partially mitigated by higher business loan originations. CEO Tim Chen highlighted strength in banking and personal loans offsetting auto insurance headwinds, expressing encouragement over operational efficiency and a strong balance sheet to support vertical integration and capital deployment flexibility. Profitability expanded sharply, with GAAP operating income at $27.2 million versus $0.7 million YoY, driven by a 6% reduction in total costs and expenses to $195.0 million, including 7% lower sales and marketing and 26% lower cost of revenue. Non-GAAP operating income rose 262% to $33.7 million, and Adjusted EBITDA doubled to $45.2 million. Balance sheet metrics showed cash at $56.3 million, down from $98.3 million at year-end, reflecting $66.0 million in Class A common stock repurchases amid $35.7 million operating cash inflow and $19.7 million investing outflow including a $15.8 million business combination. A shareholder letter and conference call provide further details, signaling proactive investor communication under Regulation FD.